High Purity Alumina Market

High Purity Alumina Market Types (6N HPA, 5N HPA, and 4N HPA), Technology (Hydrochloric Acid Leaching and Hydrolysis), Applications (LED, Phosphor, Sapphire, Semiconductor, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecasts, 2021-2028

  • Report ID: MC-4577
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 174
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The global high purity alumina market size is anticipated to register a substantial CAGR during the forecast period, between 2021 and 2028. The growth of the market is attributed to the growing prevalence of LED bulbs over traditional lights.

High Purity Alumina Market key takeaways

High purity alumina (HPA) is a premium product that is classified as non-metallurgical alumina and has a minimum purity level of 99.99%. The remaining 10% is kept for the non-metallurgical market for speciality or chemical applications, while almost 90% of alumina is recognised as smelter grade alumina, which is used in the production of aluminium metal. Alumina, also known as aluminium oxide (Al2O3), is the main raw material used in the manufacturing of metallic aluminium. HPA is used as a base substance in the production of sapphire substrates for usages such as artificial sapphire glass and LEDs. As a premium type of aluminium oxide used in high-tech and industrial niche applications, alumina is primarily utilized as a feedstock in the production of metallic aluminium.

Market Trends, Drivers, Restraints, and Opportunities:

  • Growing prevalence of LED bulbs over traditional lights is a major driver propelling the market growth.
  • Wide expansion of the electronics and semiconductors industry and growing smart device applications are projected to boost future growth.
  • Increasing demand for lithium-ion batteries as a result of the increased use of electric vehicles is expected to fuel the market.
  • High cost of production of the product is a key challenge that can hinder the market expansion in the coming years.
  • Strict environmental laws on residues as well as a lack of information about alumina production are anticipated to hamper the overall market during the projection period.
  • Increasing applications of HPA in the medical sector are projected to provide lucrative opportunities for the market in the near future.

Scope of the report

The report on the global high purity alumina market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

High Purity Alumina Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (6N HPA, 5N HPA, and 4N HPA), Technology (Hydrochloric Acid Leaching and Hydrolysis), and Applications (LED, Phosphor, Sapphire, Semiconductor, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Alcoa Corporation; Ltd; Norsk Hydro ASA; Nippon Light Metal Holdings Company, Ltd; Rio Tinto; RusAL; Polar Sapphire Ltd; Sumitomo Chemical Co., Ltd; Baikowski Sas; Zibo Honghe Chemical Co., Ltd; Altech Chemicals Ltd; and CHALCO Shandong Advanced Material Co., Ltd

 

High Purity Alumina Market Segment Insights:

4N HPA segment is projected to hold significant market share

Based on types, the high purity alumina market is divided into 6N HPA, 5N HPA, and 4N HPA. The 4N HPA segment is projected to hold significant market share due to rising demand for the material and wide applications for electronic displays and LED bulbs. LED bulbs and electronic displays are two of 4N HPA's most popular products and leading businesses in this market are increasing their R&D investment in order to offer product customization based on the needs of the application sectors. Government assistance combined with lower costs compared to other types of HPA is likely to drive the segment growth. Stringent regulatory rules requiring the use of fewer energy-consuming light sources have influenced the rising demand for the segment type.

High Purity Alumina Market by types

Hydrolysis segment is anticipated to account for substantial share

On the basis of technology, the market is bifurcated into hydrochloric acid leaching and hydrolysis. The hydrolysis segment is anticipated to account for substantial market share owing to the global increase in demand for basic aluminium. The rising demand for innovative hydrolysis technology presents a crucial factor for the segment growth as this technology also aids in the recovery of acid, which can then be reused and lowering operating costs. Furthermore, it aids in the personalization of HPA products for end-users.

LED segment to register a healthy growth rate

In terms of applications, the high purity alumina market is segmented into LED, phosphor, sapphire, semiconductor, and others. The LED segment is anticipated to register a healthy growth rate during the forecast period due to the increased use of LED-based technology around the world. LED demand is rising as a result of a growing technological movement away from traditional bulbs and toward more energy-efficient and high-performing LED alternatives. Ongoing research is critical for the growth of LED technology, which is quickly becoming a means of reducing electricity use.

Asia Pacific is expected to dominate the market

In terms of regions, the market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market during the forecast period owing to easy access to low-cost labor and raw materials for manufacturing. The region's growth can be traced primarily to the increased use of electronics and the widespread adoption of LED lighting. The expansion of the automotive industry in the region is another key driver of the regional market growth due to rising demand for lithium-ion batteries for electric vehicles as well. The presence of established HPA players in the region as well as a rising demand for HPA from the automotive and electronics industries are projected to boost the regional market.

High Purity Alumina Market by regions

Segments

Types
  • 6N HPA
  • 5N HPA
  • 4N HPA
Technology
  • Hydrochloric Acid Leaching
  • Hydrolysis
Applications
  • LED
  • Phosphor
  • Sapphire
  • Semiconductor
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Alcoa Corporation; Ltd
  • Norsk Hydro ASA
  • Nippon Light Metal Holdings Company, Ltd
  • Rio Tinto
  • RusAL
  • Polar Sapphire Ltd
  • Sumitomo Chemical Co., Ltd
  • Baikowski Sas
  • Zibo Honghe Chemical Co., Ltd
  • Altech Chemicals Ltd
  • CHALCO Shandong Advanced Material Co., Ltd

Competitive Landscape

Key players in the global high purity alumina market are Alcoa Corporation; Ltd; Norsk Hydro ASA; Nippon Light Metal Holdings Company, Ltd; Rio Tinto; RusAL; Polar Sapphire Ltd; Sumitomo Chemical Co., Ltd; Baikowski Sas; Zibo Honghe Chemical Co., Ltd; Altech Chemicals Ltd; and CHALCO Shandong Advanced Material Co., Ltd. These players have widely engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

High Purity Alumina Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Purity Alumina Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. High Purity Alumina Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. High Purity Alumina Market - Supply Chain
  4.5. Global High Purity Alumina Market Forecast
     4.5.1. High Purity Alumina Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. High Purity Alumina Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. High Purity Alumina Market Absolute $ Opportunity
5. Global High Purity Alumina Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. High Purity Alumina Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global High Purity Alumina Demand Share Forecast, 2019-2026
6. North America High Purity Alumina Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America High Purity Alumina Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America High Purity Alumina Demand Share Forecast, 2019-2026
7. Latin America High Purity Alumina Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America High Purity Alumina Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America High Purity Alumina Demand Share Forecast, 2019-2026
8. Europe High Purity Alumina Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe High Purity Alumina Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe High Purity Alumina Demand Share Forecast, 2019-2026
9. Asia Pacific High Purity Alumina Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific High Purity Alumina Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific High Purity Alumina Demand Share Forecast, 2019-2026
10. Middle East & Africa High Purity Alumina Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa High Purity Alumina Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa High Purity Alumina Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global High Purity Alumina Market: Market Share Analysis
  11.2. High Purity Alumina Distributors and Customers
  11.3. High Purity Alumina Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Alcoa Corporation; Ltd
     11.4.2. Norsk Hydro ASA
     11.4.3. Nippon Light Metal Holdings Company, Ltd
     11.4.4. Rio Tinto
     11.4.5. RusAL
     11.4.6. Polar Sapphire Ltd
     11.4.7. Sumitomo Chemical Co., Ltd
Types
  • 6N HPA
  • 5N HPA
  • 4N HPA
Technology
  • Hydrochloric Acid Leaching
  • Hydrolysis
Applications
  • LED
  • Phosphor
  • Sapphire
  • Semiconductor
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Alcoa Corporation; Ltd
  • Norsk Hydro ASA
  • Nippon Light Metal Holdings Company, Ltd
  • Rio Tinto
  • RusAL
  • Polar Sapphire Ltd
  • Sumitomo Chemical Co., Ltd
  • Baikowski Sas
  • Zibo Honghe Chemical Co., Ltd
  • Altech Chemicals Ltd
  • CHALCO Shandong Advanced Material Co., Ltd

Key players in the global high purity alumina market are Alcoa Corporation; Ltd; Norsk Hydro ASA; Nippon Light Metal Holdings Company, Ltd; Rio Tinto; RusAL; Polar Sapphire Ltd; Sumitomo Chemical Co., Ltd; Baikowski Sas; Zibo Honghe Chemical Co., Ltd; Altech Chemicals Ltd; and CHALCO Shandong Advanced Material Co., Ltd. These players have widely engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

High Purity Alumina Market by key players

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